Suppose that you thinkMay corn futures prices will fallover the course of today. Assume the initial margin is $2,323 per contract, and the maintenance margin is $1,750 per contract. Contract size is 5,000 bu. Assume that you take a speculativeshortposition in 13 corn futures contracts, consistent with your forecast of corn futures prices. You open your position at $5.1 per bushel. Later in the day you offset your position at $5.1 per bushel. What is yourtotal profit or loss(not counting transactions costs or taxes) rounded to the nearest dollar?

Do not round values at intermediate steps in your calculations. Enter your answer in dollars, rounded to the nearest dollar. Do not type dollar signs, commas, or decimal points. For example, type $1,234.56 as 1235 or a loss of -$1,234.56 as -1235